IFLR1000

East African Breweries KES11 billion bond issuance

4/3/2015
Investment grade bond/note issue
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KSh 11 billion

$ 110 million

Completed

4/3/2015

Overview:

  • East African Breweries issued KES11 billion bonds on the Nairobi Securities Exchange.
  • The first tranche of the bond was offered for KES5 billion at a yield of 12.25% and due March 2018.
  • CfC Stanbic and Barclays Bank acted as arrangers. 
  • East African Breweries is based in Nairobi, Kenya and manufactures beer, spirits and adult non-alcoholic drinks. 

Rani Mehta - Journalist 

Jurisdiction:

Kenya

Deal type:

Investment grade bond/note issue

Practice area:

Capital markets : Debt

Governing law:

Kenya

Industry sector:

Food and beverage

Firm:
Bowmans

Party: East African Breweries (Issuer)

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